Title page for ETD etd-03302010-145153


Document Type Master's Dissertation
Author Heilig, Richard
URN etd-03302010-145153
Document Title The perceived impact of financial condition reporting on the structute of the shortterm insurance indusrty in South Africa
Degree MBA
Department Gordon Institute of Business Science
Supervisor
Advisor Name Title
Mr g Fisher Supervisor
Keywords
  • insurance policies
Date 2007-04-08
Availability unrestricted
Abstract

Financial Condition Reporting (FCR), which is set to be implemented in 2008, promises some of the most significant changes to solvency regulation in the history of the short-term insurance industry in South Africa.

The purpose of this study was to assess the perceived impact that this new regulation will have on the short-term insurance industry and to identify the main challenges for implementing FCR requirements.

The Delphi technique was used to solicit expert opinion and consensus on the key issues facing the short-term insurance industry in the transition to FCR.

The survey indicates that whilst there are several challenges in moving to a more rigorous regulatory environment, that the benefits of a principle based, internationally harmonised and risk sensitive approach to capital requirements, outweigh the efforts of implementing such a system.

2006 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria

Please cite as follows:

Heilig, R 2006, The perceived impact of financial condition reporting on the structure of the short-term insurance industry in South Africa, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-03302010-145153/ >

G10/237/ag

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